3. (35 points) Below is the adjusted trial balance for December 31, 2021 and some additional information from the December 31, 2022 balance sheet for Evergreen Corporation. Adjusted Trial Balance December 31, 2021 Deferred revenue Accounts payable Accounts receivable Accumulated depreciation - equipment Cash and cash equivalents COGS Common stock Debits Credits 4,900 6,000 5,000 8,000 20,000 14,000 1,800 Depreciation expense 1,000 Dividends 2,500 Equipment 16,000 General and administrative expenses 3,500 1,200 Income from discontinued operations, net of taxes Income tax expense 2,000 600 Income taxes payable 400 Interest expense 400 Interest payable 7,600 Inventory Investment in stocks (plan to sell after 2025) 6,700 12,000 Notes payable (due 12/31/2023) 400 Prepaid Insurance Restricted cash to pay notes payable in 2024 800 4,500 Retained earnings 35,000 Sales revenue 4,500. Selling expenses 79,400 79,400 ditional information: Beginning common stock was $10,000. Par value of the common stock was $10 per share. Beginning retained earnings were $4,500. Market price per share as of December 31, 2021 was $20. Required: a. Prepare a multiple-step income statement for 2021. (Show basic EPSS properly at the bottom.) b. Prepare a statement of shareholders' equity for 2021. c. Prepare a classified balance sheet for December 31, 2021. d. Calculate the following ratios for 2021: i.Current ratio ii.Acid-test or quick ratio iii.Debt-to-equity ratio iv. Times interest earned ratio v.Price-earnings ratio (based on net income) 620